CIT Appoints Lisa D. Zonino Global Head of Human Resources

NEW YORK, Jul 13, 2010 (BUSINESS WIRE) -- CIT Group Inc. (CIT 37.00, +0.02, +0.05%), a leading provider of financing to small businesses and middle market companies, today announced the appointment of Lisa D. Zonino as Executive Vice President, Global Head of Human Resources effective immediately. She will report directly to Chairman and Chief Executive Officer John A. Thain.

Mr. Thain said, "Our employees serve as a key differentiator for CIT in the marketplace and Lisa's prior experience in talent management will play an important role as we position ourselves for future success. I look forward to working with Lisa as we develop and implement best-in-class employee programs that not only attract top-talent to CIT, but develop and strengthen the skills of our existing employees."

Ms. Zonino will be responsible for CIT's human capital strategy including the development and implementation of the company's global employee programs, policies and benefits initiatives.

Ms. Zonino most recently led the Global Risk Practice for Egon Zehnder International, a global executive search firm, where she was responsible for recruiting and talent assessment in the financial services sector. Prior to joining Egon Zehnder she held senior administrative and operating roles in the risk and finance functions at Morgan Stanley. Ms. Zonino began her career at Bankers Trust Company where she held various business management roles in Risk Advisory, Capital Markets and Private Wealth Management.

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About CIT

Founded in 1908 and headquartered in New York City, CIT (CIT 37.00, +0.02, +0.05%) is a bank holding company with approximately $45 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual, and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. www.cit.com

SOURCE: CIT Group Inc.